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Edmonton real estate market - Home Prices Drop in July ; a( d5 v8 D$ E8 s& D
+ z$ }6 e* x7 EInformation was from the follow link:
+ p' e" M% w* O; F# b# Yhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:5 J; f$ N) u2 P! i. b
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New listings: 456 (492, 455, 529)
- d, _/ y( }" F. j, E# y! k# Sales: 198 (276, 228, 218)0 L, x7 |1 \. @ k9 w! j% m
Ratio: 43% (56%, 50%, 41%)4 W( {) Q6 i1 a$ p. n$ o- P5 ~
# Price changes: 341 (390, 363, 369)1 T( h0 s7 S- o% x |) Y+ F, `
# Expired/Off Market Listings: 174 (221, 226, 204)
+ @. q& x. i& }. W+ U. f9 ANet loss/gain in listings this week: 84 (-5, 1, 107)
4 M, `) }: _4 T" E* c4 ~3 C0 @$ PActive listings for single family homes: 3454 (3395, 3374, 3329)
, B1 d/ L6 f4 W1 F6 y6 F' UActive listings for condos: 2253 (2232, 2209, 2217)
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Inventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing. B0 ^% _8 D4 B$ W
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The REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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